District 12 · Novena · RCR
Balestier 288
Balestier Road · Apartment · Freehold
Current PSF
$0
-100.0% vs district median
Gross yield
-
median rent $3,200/mo
3-year gain
0.0%
Transactions · 5y
2
0 in last 12 months
Nearest MRT
Novena Mrt Station · 1,047.727m
NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
commercial zone
En-bloc potential31 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
-
flip ratio, last 24 months
Price spread
-
PSF dispersion within project
The neighbourhood
P1 ring
Hong Wen School 553m · Phase 2C 2.5× balloted · St. Joseph'S Institution Junior 982m · Phase 2C 1.5× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bendemeer Secondary School · 871m
Food
Whampoa Drive Blk 91/92 (Whampoa Drive Makan Place/Whampoa Market) · 148m - 3 hawker centres within 1km
Green
Pek Kio Park · 796m
Mall
Zhongshan Mall · 823m
Health
Tan Tock Seng Hospital (hospital) · 549m
Who lives in Novena
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
49,330
Median age
43 yrs
45% under 40 · getting older
Children 0–9
5,060
▲ 1% since 2015 · future P1 demand
Household size
3.1 avg
Homes
44% HDB
39% condo · 16% landed
Degree holders
48%
residents 15+
Commute
48% transit
31% drive
45 min+ to work
16%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Price trend average PSF by year
2021
$1,129
2022
$1,069
-5.3%
2023
$1,192
+11.5%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,200/mo | $4.92 | - | 7 |
| 3BR | $2,900/mo | $2.32 | - | 3 |
Recent transactions URA, latest 3
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| May 2023 | $1,450,000 | 1,216 | $1,192 | 06-10 |
| Mar 2022 | $1,300,000 | 1,216 | $1,069 | 01-05 |
| Jun 2021 | $705,000 | 624 | $1,129 | 06-10 |
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More in District 12
The HDB blocks next door
The entry point, measured: what the resale flats around Balestier 288 actually sell for - this project trades at 0.0× the nearest block’s PSF.